Jefferies Upgrades Autodesk (ADSK) to Buy
Tweet
Share
E-mail
Get Alerts ADSK Hot Sheet
Price: $200.44 -2.5%
Rating Summary:
35 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 26
Rating Summary:
35 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 26
Join SI Premium – FREE
Jefferies upgraded Autodesk (NASDAQ: ADSK) from Hold to Buy with a price target of $44.00 (up from $40).
The firm said, "Our survey work suggests only a modest downtick (incl Europe) and we expect an in-line F2Q12 and in-line guide. We are also becoming more positive on suites and think they will positively impact growth next year. Finally, while the stock is not drop-dead cheap, at 15X CY12 EPS (ex net ~$7 cash a share) we think we are buying growth at a reasonable price."
For more ratings news on Autodesk click here and for the rating history of Autodesk click here.
Shares of Autodesk closed at $36.20 yesterday.
The firm said, "Our survey work suggests only a modest downtick (incl Europe) and we expect an in-line F2Q12 and in-line guide. We are also becoming more positive on suites and think they will positively impact growth next year. Finally, while the stock is not drop-dead cheap, at 15X CY12 EPS (ex net ~$7 cash a share) we think we are buying growth at a reasonable price."
For more ratings news on Autodesk click here and for the rating history of Autodesk click here.
Shares of Autodesk closed at $36.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bark Inc. (BARK) PT Raised to $19 at Jefferies Following 20:1 Reverse Split
- Jefferies finds gaps in Australia's new climate disclosures
- Jefferies Starts Advanced Drainage Systems (WMS) at Buy
Create E-mail Alert Related Categories
UpgradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
